Long Road Investment Counsel LLC Cuts Stock Holdings in Intuit Inc. $INTU

Long Road Investment Counsel LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,870 shares of the software maker’s stock after selling 1,300 shares during the period. Long Road Investment Counsel LLC’s holdings in Intuit were worth $2,564,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of INTU. Vanguard Group Inc. grew its position in shares of Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after purchasing an additional 296,448 shares in the last quarter. State Street Corp grew its position in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after purchasing an additional 158,456 shares in the last quarter. Invesco Ltd. grew its position in shares of Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after purchasing an additional 271,407 shares in the last quarter. Northern Trust Corp grew its position in shares of Intuit by 4.8% in the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock valued at $2,356,040,000 after purchasing an additional 158,843 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 0.8%

INTU opened at $393.29 on Tuesday. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The stock has a market capitalization of $108.76 billion, a PE ratio of 25.47, a P/E/G ratio of 1.59 and a beta of 1.04. The business’s 50 day moving average price is $417.02 and its 200 day moving average price is $528.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the firm posted $3.32 earnings per share. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts expect that Intuit Inc. will post 17.44 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio is 31.09%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. UBS Group decreased their price objective on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Barclays reiterated an “overweight” rating and issued a $540.00 price objective on shares of Intuit in a report on Monday, March 16th. Stifel Nicolaus decreased their price objective on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Wolfe Research set a $550.00 price objective on Intuit and gave the company an “outperform” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $634.26.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.